November 1, 2024
Strategies for hard markets – Asia
Hard markets typically mean higher revenues and can sometimes forge leading careers in reinsurance broking. Higher bars for performance, can also raise the stakes.
Insurance
Working to prove their value to customers, insurers are harnessing technology to improve service, pricing and relationships
Life insurance markets are characterised by significant country-by-country variation. Companies are grappling with regulation and the continued but shifting need for effective intermediary distribution.
In P&C insurance engagement models vary with intermediation still vital in commercial, and direct purchase more prevalent in personal lines. Technology is reshaping everything from telematics to geomatics and implicit and predictive pricing through AI. This is driving further disruption, including the potential for risk capabilities to be delivered outside insurance.
NMG Consulting works with P&C and life insurers to help them differentiate through innovation whilst skillfully managing regulatory change and intermediary relationships.
To access NMG’s deep pool of insurance expertise contact one of our key consultants below.
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OUR PEOPLE
Mark Prichard
Industry:
Mark heads up NMG Consulting, and is a co-founder of the NMG Group. Across a global scope, he helps NMG’s insurance and reinsurance clients with business strategy, performance benchmarking, and distribution strategies.
Sydney
Jane Cheng
Industry:
Jane has responsibility for the delivery of NMG’s global reinsurance studies and life insurance analytics in Australia. She works with insurers and reinsurers on strategy consulting assignments across Australia, Asia, Europe and…
Singapore
Stephen Collins
Industry:
Steve has deep consulting experience in life insurance and reinsurance, with clients across a broad spectrum including private equity. Steve’s unique expertise across self-directed customers, direct and intermediated distribution, with a particular…
London